
Hungary - Self-Loading or Self-Unloading Trailers for Agricultural Purposes - Market Analysis, Forecast, Size, Trends and Insights
Hungary: Agricultural Self-Loading Trailer Market 2022
Agricultural Self-Loading Trailer Market Size in Hungary
The Hungarian agricultural self-loading trailer market soared to $X in 2021, rising by 21% against the previous year. The market value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.
Agricultural Self-Loading Trailer Production in Hungary
In value terms, agricultural self-loading trailer production stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.
Agricultural Self-Loading Trailer Exports
Exports from Hungary
Agricultural self-loading trailer exports from Hungary skyrocketed to X units in 2021, with an increase of 44% against the year before. Overall, total exports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +95.6% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, agricultural self-loading trailer exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Exports by Country
Germany (X units), the Netherlands (X units) and Romania (X units) were the main destinations of agricultural self-loading trailer exports from Hungary, with a combined 73% share of total exports. Russia, Serbia, Croatia, Slovakia and Bulgaria lagged somewhat behind, together comprising a further 23%.
From 2012 to 2021, the biggest increases were in Serbia (with a CAGR of +16.4%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for agricultural self-loading trailer exported from Hungary were the Netherlands ($X), Romania ($X) and Croatia ($X), with a combined 54% share of total exports.
Croatia, with a CAGR of +19.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2021, the average agricultural self-loading trailer export price amounted to $X per unit, dropping by -2.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 39% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably country of destination: the country with the highest price was Croatia ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+11.8%), while the prices for the other major destinations experienced more modest paces of growth.
Agricultural Self-Loading Trailer Imports
Imports into Hungary
Agricultural self-loading trailer imports into Hungary surged to X units in 2021, rising by 23% compared with the previous year's figure. In general, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 62% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.
In value terms, agricultural self-loading trailer imports skyrocketed to $X in 2021. Over the period under review, imports enjoyed a strong expansion. The growth pace was the most rapid in 2014 when imports increased by 76%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.
Imports by Country
Germany (X units), Poland (X units) and Belgium (X units) were the main suppliers of agricultural self-loading trailer imports to Hungary, with a combined 61% share of total imports.
From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +53.0%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Germany ($X) constituted the largest supplier of agricultural self-loading trailer to Hungary, comprising 43% of total imports. The second position in the ranking was held by Poland ($X), with an 18% share of total imports. It was followed by Slovenia, with an 8.7% share.
From 2012 to 2021, the average annual growth rate of value from Germany totaled +13.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+3.3% per year) and Slovenia (+31.7% per year).
Import Prices by Country
In 2021, the average agricultural self-loading trailer import price amounted to $X per unit, picking up by 22% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.5%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the agricultural self-loading trailer market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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